709 E Gresham StIndianolaMS38751
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Indianola at 709 E Gresham St, Indianola, MS, 38751 priced at $165,000 pairs $1,126/mo rent with $116/mo cash flow after a $808/mo payment. Total monthly income equals $1,126/mo, and annual cash flow comes to $1,390/yr on $54,698 invested. Return on cash invested is 22.45% in year one, and rental yield stands at 8.19% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 116.36% and total cumulative return in cash reaches $63,647. For financing, Ziffy Mortgage’s DSCR program evaluates $1,126/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38751, Indianola, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,338 (100%) |
| Owner Occupied HU | 2,444 (56.3%) |
| Renter Occupied HU | 1,468 (33.8%) |
| Vacant Housing Units | 426 ( 9.8%) |
| Median Home Value | $121,172 |
| Average Home Value | $170,613 |
Housing Distribution
Address Breakdown
Residential
4,033
Single Family
3,827
Multi-Family
206
Businesses
596
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Listed by: Jackie Fratesi • Charles F. Davis Construction & Real Estate
Mls Name: Mid Delta Data Sharing Network
Mls ID: #104221